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Aug 10, 2013 10:00am EDT
, given that america's economy has so much promise, what you need to do is tip the curve on how we are increasing the debt. if we lower our expectations a little we can wind up in a reasonable place for the next five or 10 years. long-term entitlement is a big challenge. our colleagues have written eloquently about this. in the short term, if you had a modest increase in either income tax rates or a modest cap on deductions the way mitt romney was proposing last year and you had a couple percent change in the cost-of-living adjustment for social security for social security recipients that would accumulate over time, you could achieve half the cuts in the discretionary accounts that sequestration would impose. if you do that, you have prevented the debt from getting bigger relative to the size of the economy. then all the things we have going for us, our energy resolution, the advanced manufacturing, the gradual recovery of the real estate markets. all of these things can kick in. washington does not need to see itself as a location of this great showdown of loaded government versus li
Search Results 0 to 0 of about 1